Examlex
The angle brackets placed around a word indicate that
Consumer Purchases
Transactions in which individuals buy goods and services for personal use, reflecting consumer spending habits and economic health.
Elasticity
A measure in economics that shows how the quantity demanded or supplied of a good changes in response to a change in price.
Inferior Good
A type of good for which demand decreases as the income of consumers increases, as opposed to normal goods, where demand increases with income.
Normal Good
A good for which demand increases as the income of consumers increases.
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